Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Piedmont College Singers In Concert On March 2

The Piedmont College Singers, a select 44-voice chorus from Piedmont College in Demorest, Ga, will be performing at Pilgrim Congregational Church on Monday, March 2, at 7 p.m. as part of their spring tour. The concert is free and open to the public.  The choral group is led by Dr. C. Wallace Hinson, conductor. "This select ensemble performs a wide variety of literature from ... (click for more)

Alexander Says Bipartisan Report Finds Colleges In A Jungle Of Red

Senator Lamar Alexander on Tuesday said a report released by a task force of college and university leaders—and commissioned by a bipartisan group of senators—shows colleges in a jungle of red tape that “should be an embarrassment to all of us in the federal government.” At a hearing on the report, Senator Alexander said, “These should not be excused as normal, run-of-the mill ... (click for more)

FCC Votes 3-2 To Approve EPB's Request To Expand Its Broadband Offerings

The Federal Communications Commission voted 3-2 on Thursday to allow EPB to expand its broadband offerings to neighboring communities. Chairman Tom Wheeler and two other Democrats were in favor, while the two Republican members said the agency was acting illegally in overriding state law. EPB's phone, Internet and TV offerings have been far more successful than expected and ... (click for more)

Hamilton County Schools, UTC To Close Friday; Other Closings Announced

Due to remaining snow on some of the roadways and the potential for black ice overnight and into the morning, Hamilton County Schools will be closed on  Friday . School Age Child Care will also be closed. Employees who accrue vacation will report by  10 a.m.  and maintenance employees will report on regular schedule.  All classes are being ... (click for more)

Chattanooga Has Always Been A Battleground Between Good And Evil

From the thousands slain in nearby Chickamauga Battlefield during the Civil War…  To the launching point of the Cherokee Indian’s Trail of Tears…  To the lunch counter sit-ins led by Howard School students — the only high school student sit-ins in the nation — during the Civil Rights Movement…  To Walter Cronkite calling the polluted Southern industrial town ... (click for more)

Roy Exum: They Are Americans, Too

Roger Dean Kiser is something of a legend. Aside from being one of the best story-tellers I know of – I’ve read his works for years – the fact he came upon it honest, like Chattanooga’s Roger Allan Wade, makes him kind of special. Again, I’ve followed him for a long time. By the time he was four, he had been abandoned by parents and grandparents alike. The state of Florida placed ... (click for more)